Canada’s inflation rate fell to two per cent last month, finally hitting the Bank of Canada’s target after a tumultuous battle with skyrocketing price growth.
The Canadian Real Estate Association says housing sold in August fell compared with a year ago as the market remained largely "stuck in a holding pattern" despite borrowing costs beginning to come down.
The Canadian government has announced a loan of $2.14 billion to satellite operator Telesat, to help the company build its broadband satellite constellation.
Economists say the Bank of Canada is still on track to cut interest rates next week, despite economic growth coming in stronger than expected in the second quarter.
The federal government has added 56 properties — including 22 in Ottawa — to a new public lands bank of locations that are suitable for long-term leases so developers can build housing, a move the housing minister says will help boost the supply of homes Canadians can afford.